Idea Cellular clocks 7 percent growth in revenue


Idea Cellular announced that its standalone revenue grew
7 percent – QoQ – during FY 2010-11, on the back of a sequential quarterly
growth of 9 percent in Total Minutes on Network.



The Average Realised Rate declined to 40.6p compared to
41.8p in the previous quarter. Idea is the third largest wireless operator in
the country with a Revenue Market Share of 13.6% (TRAI, Q4FY11), and also the
fastest growing major operator.



Idea carried 362.6 billion minutes on its network during
FY11, placing it among the top 10 operators in the world in voice minutes. On a
normalised annual basis, Idea minutes grew 46.5 percent, whereas standalone
annual revenue grew 18.2 percent, both significantly faster than the sector



Idea Cellular added
over 9.6 mn active subscribers during the quarter, taking the VLR subscriber
base to 83.3 mn, with the highest ratio of active subscribers to reported
subscribers in the sector at 93.1 percent, as on 31st March 2011.



Idea continues also to be among the biggest net gainers
nationally in the Mobile Number Portability program, a strong indicator of the
popular appeal of Idea’s services.



During the quarter, EBITDA on a standalone basis
increased sequentially by 15.6 percent, driven by a 1.2 percent improvement of
EBITDA margin in the Established Service Areas, coupled with reduced EBITDA
losses of the New Service Areas by Rs 211 million.



On a standalone basis, the PAT figure for the quarter
stands at Rs. 2,576 million, up 16.6 percent, on a sequential quarterly basis,
while cash profit of Rs. 9,031 mn, grew by 17.7 percent.



Idea has rolled out its 3G services in the service areas
of Maharashtra & Goa, Andhra Pradesh, Kerala, MP & Chhattisgarh,
Gujarat, UP (West) and Uttaranchal, UP (East), Haryana & Himachal Pradesh.
Additionally, Idea subscribers would very soon be able to enjoy 3G services,
across India, through a combination of home network and roaming arrangements,
with select leading quality operators.



By Team
[email protected]